Produced in the UK since 1932, Weetabix is the British version of the original Australian
Weet-Bix. Both Weet-Bix and Weetabix were invented by Bennison Osborne, an Australian. Weet-Bix was introduced in Australia by the company "Grain Products Limited" in the mid-1920s, with funding from businessman Arthur Shannon and marketing assistance from Osborne's New Zealand friend Malcolm Macfarlane. To both Osborne's and Macfarlane's disappointment, Grain Products sold both its Australian company (in 1928) and its New Zealand company (in 1930), to the
Sanitarium Health Foods Company. Osborne and Macfarlane then went to
South Africa where Arthur Shannon, the owner of Grain Products, funded another Weet-Bix factory. Osborne modified his Weet-Bix recipe and, with Macfarlane, obtained private funding and began the development of a new company, The British and African Cereal Company Limited. He named the new company's product Weetabix. The company commenced business in England in 1932 in an unused
gristmill at
Burton Latimer, near
Kettering. In 1936, the name of the company was changed to Weetabix Limited. Weet-Bix is currently marketed in
Australasia by Sanitarium and in South Africa by Bokomo. Imported Weetabix is rebranded as "Whole Wheat Biscuits" in Australia. The product was introduced to Canada in 1967, when Weetabix Limited began exporting the product to
Canada, and to the
United States in 1968. In 1996, Alpen Food Co., a subsidiary of Weetabix Limited based in South Africa, started producing Weetabix under the name "Nutrific". On 3 May 2012,
Bright Food announced it was taking a 60% stake in Weetabix in a deal that valued the company at £1.2bn.
Baring Private Equity Asia acquired the remaining 40% from Lion Capital in 2015. On 18 April 2017, it was announced that the American company
Post Holdings would buy the company from Bright Food. ==Advertising==